AN EXPLANATION OF THE FACTIONS  
 

[ DONATE TO RMN ] [ View Thread ] [ Archive Search Page ] [ RMN Reading Room ] [ CGI Media News Room ] [ SUBSCRIBE TO RMN ]

RMN is Reader Supported

Our Goal for
MAR 6 - APR 5:
$1,500

Powered by FundRazr

Click Widget
or Click Here to contribute.

Checks & Money Orders:

Raye Allan Smith
P.O. Box 95
Ashtabula, OH 44005


Users Online:
106

Who Founded RMNews?


Dewitt Jones' Video
"Celebrate What's Right
With The World"


"When the
Starships Fly!"

Listen at YouTube


The Theme for The Obergon Chronicles

Listen at YouTube


The Obergon Chronicles ebook


RUMOR MILL
NEWS RADIO


CGI ROOM
Common Ground
Independent Media


WHAT ARE
THE FACTIONS?


THE AMAZING
RAYELAN ALLAN


BIORHYTHMS

LOTTO PICKS

OTHER WAYS TO DONATE





RUMOR MILL NEWS AGENTS WHO'VE BEEN INTERVIEWED ON RUMOR MILL NEWS RADIO

______________

NOVEMBER 2008

Kevin Courtois - Kcbjedi
______________

Dr Robin Falkov

______________

Melinda Pillsbury Hr1

Melinda Pillsbury Hr2

______________

Daneen Peterson

______________

Daneen Peterson

______________

Disclosure Hr1

Disclosure Hr2
______________

Scribe
______________

in_PHI_nitti
______________

Jasmine Hr1
Jasmine Hr2
______________

Tom Chittum Hr1
Tom Chittum Hr2
______________

Kevin Courtois
______________

Dr Syberlux
______________

Gary Larrabee Hr1
Gary Larrabee Hr2
______________

Kevin Courtois
______________

Pravdaseeker Hr1
Pravdaseeker Hr2
______________

DECEMBER 2008

Tom Chittum
______________

Crystal River
______________

Stewart Swerdlow Hr1
Stewart Swerdlow Hr2
______________

Janet Swerdlow Hr1
Janet Swerdlow Hr2
______________

Dr. Robin Falkov Hr1
Dr. Robin Falkov Hr2
Dr. Robin Falkov Hr3

JANUARY 2009 ______________

Patriotlad
______________

Patriotlad
______________

Crystal River
______________

Patriotlad
______________

Dr. Robin Falcov
______________

Patriotlad

FEBRUARY 2009

Find UFOs, The Apocalypse, New World Order, Political Analysis,
Alternative Health, Armageddon, Conspiracies, Prophecies, Spirituality,
Home Schooling, Home Mortgages and more, in:

Rumor Mill News Reading Room, Current Archive

Reader: "I've got some issues with the whole idea of GESARA. How does debt forgiveness correct anything."

Posted By: hobie
Date: Wednesday, 13-Jan-2021 05:52:25
www.rumormill.news/95596

(Thanks, T. :)

Reader T. writes (and I'll comment, following):

***************************************************************************

Re: Reader: 'I don’t see how a gold standard i....

Hobie, I've got some issues with the whole idea of GESARA. How does debt forgiveness correct anything. The individuals who are owed that debt lose. The individuals that have responsibly managed their debt or have eliminated it themselves gain nothing. The credit abusers learn nothing and will only continue the behavior that buried them this time.

I don't give it 6 months before they are just as deeply in debt even if 3 zeros are dumped from the system. Those same 3 zeros are cut from their income, whether it be an honest job, EBT, welfare, whatever.

I promise you that on the supply side, companies are not going to take a 100 dollar price tag and drop it to 40 bucks. They might drop it to 55 and we are still screwed. Is some new PTB going to enforce new fairness doctrines? If so, then we really don't have a return to a Republic.

Former credit abusers going to be denied credit, or a severely reduced credit line? Again, no Republic. I remember the days before "revolving credit" replace simple interest. Now you know how old I am. You had to put a lot more than 10 per cent down to build a house or buy a car. It was called saving.

My wife and I did not rush out and buy the latest whatever to meet our daughter's social demand. She learned the simple principle of getting what you pay for. It took a few years but she got it.

That's how at 19 she completed 4 years for a college diploma, had a job, and spent 6 hours denying any contract offered her by a dealership to buy a new car and they finally caved and gave her the price she was willing to pay, which was scant dollars above their profit margin. To quote her, "I teach kindergarten children and say no all day long. When do you go home and the next guy is willing to say yes?" She got her deal and that was eleven years ago.

She is still driving that car, has faithfully maintained the car, and it still runs like the day it was made. She will probably be able to pass it down to her daughter, who is only five.

My point? Personal responsibility. "Freeing" someone from self imposed slavery without commensurate maturity in behavior is a total waste. Eighty to 120 thousand debt for a diploma you have no sweat equity in brings the biggest buzz kill when it finally lands on you and you face 10 to 12 years or more paying off that "free" ride to get that nearly worthless butt wipe document and have to learn to say "Do you want fries with that?"

I know how my daughter and her husband are going to feel having struggled to pay off nearly all his student loan debt. The same way my wife and I will feel having only the last half of a car debt and living in the house we paid for when supposedly everyone else in the neighborhood is dancing in the street cause they got a free house to go with their brand new Navigator. Just because the numbers are smaller for the new debt won't make any difference when the numbers are just as small or smaller for the income.

I just don't see this working over the long haul. T

***************************************************************************

(hobie here. :) Generally speaking, I agree with you. :) But, here's the thing, I think: We've never known a time when debt-based fiat currency was _not_ "the only game in town". Consequently it's almost impossible for us to envision what the world would/will be like with "honest money" restored.

Meanwhile, we've taken a lot of things to be "just the way things are" that might not need to be that way at all. Ponder the nearly obscene idea of credit cards with APR of 21% or more. Consider the nearly unbelievable number of taxes Americans are subject to. Think about how it now appears to be necessary for both parents to work, and what effect that's having on children.

And then there are mortgages. :) There are pretty convincing explanations on Internet for how those work without the banker providing anything of substance whatsoever, but getting 30 years' worth of steady payments for his time and trouble. Similarly with credit cards: nothing of actual substance is being provided; the bank has no horse in the race but gathers "interest" all the same.

Ah, the wonders of debt-based fiat currency and fractional reserve banking, and the absolute miracle of "compound interest". :) And don't forget 'income tax'. And inflation.

I agree "personal responsibility" is important and should not lightly be swept aside. But I also see how a great many people might find themselves in dire straits, more or less unexpectedly, because of how all these things function together against them, added to the appearance that "this is how things are done".

The idea of a jubilee of debt-forgiveness - which we're hearing about but can't be sure is actually about to happen - can only be understood as part of a "leveling of the playing field" that includes the return to honest money and to Constitutionality in America with (hopefully) similar changes around the world.

Personally I haven't been able to envision how it would work. If we clear Joe's debt of $1000 owed to Charlie, what does that do to Charlie? Might be a lot, or might be nothing - after all, it's a thousand dollars Charlie is already making do without; and Charlie might have debts of his own, perhaps an as-yet-unpaid bill from a vendor/supplier, that is forgiven, too.

At the end of the day, I'll have to trust that, if this happens, it will be because people better able than I to understand how it will all turn out are the ones setting it in motion. :)

--hobie



RMN is an RA production.

Articles In This Thread

Reader: "I've got some issues with the whole idea of GESARA. How does debt forgiveness correct anything."
hobie -- Wednesday, 13-Jan-2021 05:52:25
Reader: "It's simple really, ..."
hobie -- Wednesday, 13-Jan-2021 05:52:25
Reader: "This whole world economic system is a farce ..."
hobie -- Wednesday, 13-Jan-2021 05:52:25
Reader: "I have to agree with reader 'T'. The only way to make this equitable is ..."
hobie -- Wednesday, 13-Jan-2021 05:52:25

The only pay your RMN moderators receive
comes from ads.
If you're using an ad blocker, please consider putting RMN in
your ad blocker's whitelist.


Serving Truth and Freedom
Worldwide since 1996
 
Politically Incorrect News
Stranger than Fiction
Usually True!


Powered
by FundRazr
Click Widget
or Click Here to contribute.


Organic Sulfur 4 Health

^


AGENTS WEBPAGES

Provided free to RMN Agents

Organic Sulfur 4 Health

^


AGENTS WEBPAGES

Provided free to RMN Agents



[ DONATE TO RMN ] [ View Thread ] [ Archive Search Page ] [ RMN Reading Room ] [ CGI Media News Room ] [ SUBSCRIBE TO RMN ]

Rumor Mill News Reading Room, Current Archive is maintained by Forum Admin with WebBBS 5.12.

If you can't find what you're looking
for using our RMN search, try the DuckDuckGo search below:


AN EXPLANATION OF THE FACTIONS